Sensex Today Tanks 984 Points; Nifty Ends Below 23,600
After opening the day on a negative note, Indian share markets continued the momentum as the session progressed and ended the day weak.Benchmark equity indices, BSE Sensex and NSE Nifty50, lost steam and ended lower by over 1 percent each on Wednesday.At the closing bell, the BSE Sensex stood lower by 984 points (down 1.3%).Meanwhile, the NSE Nifty closed […]
Higher Rates Tend To Be Self-Correcting
With a price of more than 5x book value (lower right), U.S. stocks are the most overvalued since the tech-mania top in March 2020. At 3x price-to-sales (lower left), the recent euphoria has returned to the fall 2021 level and significantly overshot the 2000 top.As the S&P 500 has rebounded sharply over the past year […]
Stalling Short Term
Image Source: Pixabay SPX Monitoring purposes; Long SPX on 10-29-24 at 5832.92Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78.We are up 31.40%; SPX up 25.7% so far this year. The top window is the SPY/TLT ratio. Its common for this ratio to show a divergence near […]
Investing In China Stocks Through ADRs And 3 Interesting Picks
Image Source: Pexels Investing in China stocks can be a rewarding venture. It offers a chance to tap into the world’s second-largest economy.However, it’s not without its challenges. The Chinese market is unique, with its own set of rules and regulations.This article aims to demystify the process. It will provide you with a comprehensive understanding of […]
Seeking Beta
While the “Trump rally” appears to have just begun, one of its initial hallmarks is that investors want beta. Beta is a measure of the volatility of a stock versus the broader market, most often the S&P 500. For instance, a stock with a beta of 1.50 implies that based on prior trading, investors should […]
The Economic Foolishness Of “Deport All The Illegal Immigrants” In Three Pictures
Economic illiteracy is running rampant. It would be a huge inflationary mistake if we mass deported them all.Data from the BLS chart by Mish Employment Chart Notes Foreign-born workers are employees who reside in the United States but who were not US citizens at birth. They may be citizens now. The BLS’s definition includes both legal […]
Profiting From CPI
S&P 500 upswing was rejected at 6,035, and sellers weren‘t stopped at my first 6,010 support (corresponding to yesterday featured uppermost support line on the intraday chart). We got a Bitcoin dive that was neatly reversed, and Nasdaq leading breakdown below the second support line presented, while S&P 500 more or less remained relatively stronger. […]
Elliott Wave Technical Analysis – Salesforce Inc.
CRM Elliott Wave Analysis Trading LoungeSalesforce Inc. (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: Looking for the impulsive structure to unfold into all time highs as we have broken through Trading Level 3 at 300$ and we are now back at ATH.Salesforce Inc. (CRM) 1H ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: […]
Gold Price Analysis: Successful Breakdown Of Upward Trend
For the third consecutive day, gold prices have been declining, with losses extending to the support level of $2590 per ounce, the lowest price in a month and a half, before stabilizing around $2600 per ounce at the time of writing this analysis. Weak investor sentiment due to the rush to buy safe havens, along […]
US Dollar Tries To Post Fourth Day Of Gains Ahead Of US CPI Release
The US Dollar trades in positive territory for a fourth consecutive trading day on Wednesday. Traders brace for US CPI data for October, with an uptick in inflation expected. The US Dollar index trades above 106.00, nearing a fresh six-month high. The US Dollar (USD) tires to continue its uprising on Wednesday, signaling it still has fuel […]
